Insurers are finding out the recent disastrous weather in Texas took a heavy toll on vehicles.
Auto damage—from tornadoes, but more commonly from hail—is the cause of rapid claims accumulation, insurers say.
State Farm has logged 8,610 auto claims, of which 1,221 vehicles are immobile. Most automobiles that cannot be driven suffered damage from the tornadoes, says spokesman Gary Stephenson.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
